Statspeak: Co-working growth

JLL research predicts that by 2025, 42% of India's population will be working in its urban spaces

With marginal slowdowns in the global economy and an ever expanding class of millennials who know exactly what they want, we are seeing workplace reforms in India where “uber-cool” and “chic” workspaces are becoming the norm. With this paradigm shift, the co-working industry is experiencing tremendous growth as well. JLL research predicts that by 2025, 42 per cent of India’s population will be living and working in its urban centres.

Key demand groups for spaces:

• 70% opportunity lies with large firms seeking alternative, activity-based workplaces to nurture talent and further business growth
   
• 20% small, emerging business sector is the second demand group looking for hot desking opportunities at low-cost shared workplaces

• 10% freelancers and start-ups form the rest